Dollar to Naira Exchange Rate
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦750 and the price can change (high or low) within hours.
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES 12th April 2023 (BLACK MARKET): dollar to naira exchange rate today black market
Dolla to Naira exchange rate opened at N750.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 12th April 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Tuesday, 11th April 2023.
Even though the dollar to naira opened in the parallel market at ₦750 per $1 today, Newsonline reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Newsonline Nigeria reports that at the black market, the players buy a dollar for N745 and sell for N750 on Wednesday morning, 12th April 2023, after they bought N745 and sold for N750 on Tuesday, 11th April 2023.
Meanwhile, NewsOnline Nigeria reports that the USD started this week at ₦750 in Parallel Market also known as Black Market on Monday, 10th April 2022, in Lagos Nigeria, after it opened at 750 last week Monday, April 3rd, 2023.
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